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FDA clears first CELMoD drug for blood cancer as a $6.7 billion shareholder lawsuit returns to court

8/14/2026

Multiple myeloma, a blood cancer, now has a new oral treatment approved by U.S.

The Food and Drug Administration cleared Zenbexus, made by Bristol Myers Squibb, as the first drug in a new class called CELMoDs and the first drug approved using a more sensitive measure of remission.

On a separate legal track, a federal appeals court reversed a lower court's dismissal of a $6.7 billion suit accusing Bristol Myers of cheating former Celgene shareholders.

How Zenbexus works CELMoDs are a class of drugs that work by redirecting a cell's natural machinery to eliminate cancer-causing proteins.

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